Download - Market mapping and segmentation dragndrop
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Market Market segmentation andsegmentation andmarket mappingmarket mapping
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Learning objectives:be able to
understand …
… how businesses can identify market
segments
… how businesses can
map their market to
identify key features
… how businesses use this information to identify and target
gaps in the market
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Market segmentsMarket segments
DefinitionA part of a market that
contains a group of buyers with similar characteristics
and buying habits
DefinitionA part of a market that
contains a group of buyers with similar characteristics
and buying habits
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• Agethirty somethings, ‘grey’
• Gendermale, female
• Household typeDINKYs, KIPPERs, Pink £
• Income levelslow, middle, high
• Ethnic groupwhite, Asian, Afro-Caribbean
• GeographicalNorth West, Europe, South East Asia
• Socio-economic groupworking class, middle class
How businesses segmentHow businesses segment
• ReligionJewish, Muslim
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Group Type
1 Higher managerial and professional occupations
1.1 Large employers and higher managerial occupations
1.2 Higher professional occupations
2 Lower managerial and professional occupations
3 Intermediate occupations
4 Small employers and own account workers
5 Lower supervisory and technical occupations
6 Semi-routine occupations
7 Routine occupations
8 Never worked and long-term unemployed
Socio-economic groupsSocio-economic groups
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Task 1: which segment?Task 1: which segment?
In pairs, look at two adverts and decide which market segments the company is targeting.
Record your ideas on your worksheetBe ready to feedback your ideas to the rest
of the class
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Task 2: homeworkTask 2: homework
For next lesson see if you can find an advert which is targeted at you or your family
Stick this advert in your worksheet in the space provided
Write 3 sentences about why you think this advert is targeted at you or your family
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Task 3: why does Task 3: why does Unilever produce so Unilever produce so many shampoos?many shampoos?
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Task 4: extended Task 4: extended writingwritingUnilever offers a range of different types
and brands of shampoo. Explain why it does this (8 marks)
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Market mappingMarket mapping
DefinitionA market map is diagram that shows the range of possible positions for 2 features of a product
DefinitionA market map is diagram that shows the range of possible positions for 2 features of a product
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• High priced / low priced
• For young / for old
• Modern / traditional
• For men / for women
• Low fat / high fat
• Everyday / luxury
How markets can be How markets can be mappedmapped
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Task 5: map the Task 5: map the chocolate marketchocolate market Let’s have a go at mapping the chocolate
marketWe will use the following criteria
luxury chocolate / everyday chocolate light chocolate / filling chocolate
When you are called to come up to the whiteboard choose a brand of chocolate decide where it should be placed on the market map drag the brand to your chosen position justify your decision to the rest of the class
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Luxury
Everyday
Light
Filling
x Twix
x Mars
x Turkish Delight
x Crunchie
x Kit Kat
x Milk Tray
x Dairy Milk
x Maltesers
x Snickers
x Caramel
x Snaps
x Celebrations
x Lindor balls
x Milky way
x Fudge
x Milky bar
x Buttons
x Galaxy
x Flake
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Task 6: paired Task 6: paired discussiondiscussionUsing the chocolate market map we
have created, discuss why a market map would be useful to a business
Record your ideas on the worksheet
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Uses of market mapping for existing businesses
To show where a sector is
overcrowded
To show where a sector is
overcrowded
To identify gaps in the market to
extend product range
To identify gaps in the market to
extend product range
To stop the producer becoming over reliant on one sector which
may decline
To stop the producer becoming over reliant on one sector which
may decline
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Use of market mapping for new businesses
To identify gaps in the market in order to enter as a ‘niche’
provider
To identify gaps in the market in order to enter as a ‘niche’
provider
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Task 7: exam practiceTask 7: exam practice
Complete the three multiple choice questions on the worksheet to check your understanding of the topic we have now completed.
Record your mark on your worksheet.